Bitcoin’s Biggest Problem Right Now Isn’t the Market, It’s Its Own Holders
BeInCrypto
Bitcoin's recent price rally is being hindered by short-term holders who are using price increases as an opportunity to sell and exit positions.Summary
Bitcoin's recent attempt to sustain a rally above $76,000 has been hampered by significant selling pressure from short-term holders. On-chain data indicates that these investors are rapidly moving assets to exchanges to realize profits, creating a supply overhang. Analysts note that key technical levels, such as the $76,800 Traders' Realized Price, act as significant resistance zones that must be absorbed by new demand before a structural trend reversal can occur.
(Source：BeInCrypto)